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Stocks reach new records while oil prices drop after Trump action on Iran

PROMO Finance - Money Business FInance Up Down Increase Decrease Percent Dice - iStock - Fokusiert

By Bethany Blankley | The Center Square

Stocks reached new records and oil prices dropped Wednesday after President Donald Trump's announcement on curtailing the conflict with Iran.

The boost came after U.S. stocks closed in the red on Tuesday, expressing investors' concerns about conflict in the Middle East and after Iran launched more than a dozen missile against two military bases in Iraq.